HPCwire: Towers Perrin, Microsoft Unveil HPC Solution for Financial Modeling

The Leading Source for Global News and Information Covering the Ecosystem of High Productivity Computing

Leading HPC
Solution Providers

HPCwire >> Off the Wire

May 21, 2008

Towers Perrin, Microsoft Unveil HPC Solution for Financial Modeling

STAMFORD, Conn., May 21 -- Towers Perrin, a global professional services firm, is making available a new software product for insurers, MoSes HPC Integration. The software enables MoSes version 6.2 financial modeling software to work with the Microsoft Windows Computer Cluster Server (WCCS) 2003 high-performance computing (HPC) system.

This combination will make possible the rapid completion of MoSes financial projections, thus giving decision makers analytical results faster for better decision making. The software also supports 64-bit processing, providing increased memory capacity, allowing financial projections to be run with much larger volumes of data and many more scenarios.

"Market forces are pressuring insurers to perform more sophisticated financial analysis in less time," says Mike Oxley, managing director of software solutions for Towers Perrin. "This high-performance computing solution will help our customers gain increased value from their existing MoSes applications and Microsoft Windows software administration skills while introducing robust technology to support mission-critical applications well into the future."

"We are pleased to work with Towers Perrin to provide Microsoft high-performance computing solutions to MoSes customers," says Gordon Ejsmond-Frey, director of Europe, Middle East and Africa (EMEA) insurance for Microsoft. "In today's challenging economic climate, there will be an increased use of analytics among insurers as the market hardens. HPC-enabled financial modeling solutions such as MoSes can help companies perform the computations necessary to make well-informed business decisions and keep abreast of change."

The Microsoft WCCS is designed to be easy to deploy and operate. By splitting large computing jobs into several smaller jobs -- and running them in parallel over a networked cluster of computers -- these tasks can be finished in less time. WCCS automatically handles failed jobs without user intervention. By leveraging Windows software administration skills, it is as easy, secure and stable as a single system.

MoSes provides comprehensive actuarial analysis and reporting for typical life insurance and annuity products marketed around the world. The application can be used for a variety of tasks, including product development, pricing, valuation, cash flow testing, liability and asset/liability modeling. MoSes applications are fully transparent, allowing insurers to see the actual code used to make the calculations and, in turn, to trace the calculations and ease auditability.

About Towers Perrin

Towers Perrin is a global professional services firm that helps organizations improve performance through effective people, risk and financial management. The firm provides innovative solutions in the areas of human capital strategy, program design and management, and in the areas of risk and capital management, reinsurance intermediary services and actuarial consulting. Towers Perrin has offices and alliance partners in the United States, Canada, Europe, Asia, Latin America, South Africa, Australia and New Zealand. More information is available at www.towersperrin.com.

-----

Source: Towers Perrin

Article Tools

Share & Save Options

Discussion

There are 0 discussion items posted.

Join the Discussion

You must be a registered user in order to comment on HPCWire stories.

Members enjoy:

	Access to Special Content, including Podcasts, Webcasts, and Whitepapers and more!
	Ability to take an active role in the discussions that are shaping the HPC technology discipline!
	Special offers available only to HPCWire members!

Become a Registered User Today!

Registered Users Log in Here to Comment

Email Address:	Password (case sensitive)

Remember me	Forgot Password?

RSS Feeds

Feeds by Topic

Feeds by Industry

Feeds by Content Type

Feature Articles

The Linux HPC Empire Strikes Back

While the Microsoft juggernaut has been touting the joys of its new Windows HPC Server 2008, the Linux HPC contingent has been somewhat less vocal of late. But now Red Hat has come up with its version of an integrated cluster solution.
Read More...

Nexsan Looks to Scare Up HPC Customers With Storage Beast

Even though the cost of servers still dominates the datacenter budget, storage is actually on a steeper growth curve. HPC storage, in particular, is being singled out as high-growth opportunity. Vendors are scrambling to keep up.
Read More...

The Week in Review

Google datacenters most energy efficient; Cluster Resources to demo Moab Hybrid Cluster; Red Hat Linux releases HPC distro. John West recaps those stories and more in our weekly wrap-up.
Read More...

Read more HPCwire features...

Top Headlines

Oracle and HP's Database Machine Predicated on Voltaire

Oct 06 | The Register | Does the HP Oracle Database Machine represent InfiniBand's big chance to break out its HPC niche? Read more...

3D Imaging Spreads to Fashion and Beyond

Oct 06 | BusinessWeek | A body scan can save a lot of time in the fitting room, and fields from medicine to architecture are adopting 3D computing applications. Read more...

Structural Engineers and Computer Scientists Hope to Integrate Disciplines to 'Revolutionize Building Construction'

Oct 03 | UCSD News | Despite the evolution of computer science over the past 30 years, structural engineering -- hindered by a reluctance to adapt to digital innovations -- has remained relatively unchanged as a discipline. Read more...

Credit Crisis Spreads a Pall Over Silicon Valley

Oct 02 | New York Times | Silcon Valley is starting to feel the effects of the credit crunch. Read more...

Google: 'The World's Most Efficient Data Centers'

Oct 01 | Data Center Knowledge | Google today disclosed details of its data center energy usage, confirming that it operates some of the most efficient facilities in the world. Read more...

Read more headlines...

Featured Whitepapers

Panasas® Tiered Parity™ Architecture

Sep 04 | | Disk drives are approximately 250 times denser today than a decade ago. This is good news for users who are creating, manipulating and storing more data than ever before. It gives them an opportunity to derive more value from their stored data and lowers the capital acquisition and operating expense associated with that data.

View the White Paper Library

Multimedia

Video White Paper: Architecting a Better Network Storage Solution

BlueArc's Titan architecture represents an evolutionary step in file servers by creating a hardware-based file system that can scale bandwidth, IOPS, and overall data capacity well beyond conventional software-based devices. With its ability to virtualize a massive storage pool of up to four usable petabytes of tiered storage, Titan can scale with growing data requirements, offering a competitive advantage for businesses, researchers, or other enterprises seeking to better manage data growth while still ensuring optimal performance.